Hurricane Harvey is gearing up to be the second most costliest natural catastrophe to hit the United States. Investors and developers are already reaching out to commercial lending institutions in search of funding.

In addition to the immense devastation and human tragedy caused by Hurricane Harvey, its economic impact is expected to rank as the second most expensive natural disaster to occur in America. According to an article in the New York Times, Moody’s Analytics have estimated the damage to be in the $40 to $50 million ballpark. This is second only to Hurricane Katrina which killed almost 2,000 people and caused $130 billion in damage. Note: A recent article in USA Today raised the estimated cost of Hurricane Harvey to $190 billion. Commercial properties that have been flooded are estimated to cover approximately 455,000 square feet. Just as in 2005, rebuilding will accelerate once insurance checks are cut and federal aid is disbursed. And investors are already lining up to raise funds from commercial lending institutions for distressed properties.

Before Harvey hit, the building and construction segments were, as in other parts of Texas, booming in Houston. According to an article in Dallas News, “At midyear, more than 27,000 single-family homes were being built in the Houston area. And more than 23,000 apartments were under construction and scheduled to open this year.” Due to the increase in demand, construction firms and those they employed were already maxed out when Harvey hit. Now, in the wake of the devastation, other investors and contractors will be arriving to fill in the gaps. Just a few of the investment companies looking for commercial lending include Delshah Capital, Madison Realty Capital and Steven Witkoff, a New York developer.

The San Diego Union reported that more than 3,000 national and state guard troops were being deployed to assist with relief and recovery efforts. Water, food and shelter are the top priorities at this time. As the waters recede, there will undoubtedly be an influx of contractors, insurance adjusters and FEMA employees. Currently, there are more than 200 shelters housing more than 32,000 people who have been displaced due to the catastrophic nature of Harvey. Because of these two factors, multifamily units are expected to be in high demand.

Timing

At Level 4 Funding, our hearts and prayers go out to those affected by this national disaster. With an office in Dallas and clients in Houston, we are very close to those affected. We hope that investors and developers will show good taste and wait for the waters to recede and displaced residents to find housing before making their move. At the right time, these individuals and businesses will be a great asset to the recovery of this place in America that has shown its true colors of faith, humanity and neighbor helping neighbor in the midst of incredible challenges.

“Bad things do happen in the world, like war, natural disasters, disease. But out of those situations always arise stories of ordinary people doing extraordinary things.”—Daryn Kagan.

When the time is right, we are here to help those looking for immediate funds and commercial lending with which to rebuild this incredible area of our country.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Real estate investors commonly use commercial bridge loans when purchasing properties. Find out the best use for these types of loans.

Bridge loans are, as the name suggests, a bridge from one asset to another. Real estate investors often use these short-term, asset-based loans due to their rapid funding and easy qualifications. The term for this type of loan usually ranges from 3 to 12 months, though they may often be extended. Here are just a few of the many reasons commercial real estate investors are looking to this type of funding.

1. Provides funding for an additional investment property while you wait for another property to sell.

2. Quick capital for those properties that are being auctioned off and are acquired on a cash-only basis, or properties with multiple offers that will not accept a contingency based bid. A foreclosed property may come on the market and require quick action.

3. An investor is waiting for traditional funding and must cover expenses during this month-plus process.

4. If acquiring a property for a fix and flip, a bridge loan gives an investor access to quick capital that can be used for purchase and renovation. This same loan provides for interest-only payments during the renovation process and a principal payment after the property has sold.

5. When an investor needs additional funds to finish a project and get it on the market.

6. Some use these types of loans to buy out an investment partner. In this instance, funding may have initially been acquired using a participating mortgage loan. The lender, in these instances, becomes like a partner. And, as well all know, partnerships don’t always last.

The beauty of commercial bridge loans lies in their use of collateral to secure the loan. If an investor is confident in a commercial property but it currently does not have the needed loan-to-value ratio, they can fund a project through their own home’s assets and pay back the loan as soon as the investment property sells. Another benefit of an asset-based loan is that many hard money lenders will not take into account the creditworthiness of the applicant. They are more interested in the property and an exit plan.

Most bridge loans are obtained from alternative lenders. Private hard money lenders are one of the most common sources. They are specialists in asset-based loans making commercial bridge loans an ideal offering for their type of funding.

At Level 4 Funding, we specialize in short-term 3 to 12 month bridge loans with interest only payments starting at 7.99 percent. These may be extended up to 24 months and we fund up to 90 percent LTV.

We are interested in the project and you as a person more than we are interested in your credit history. We work with hundreds of private hard money investors, many of whom are interested in particular projects which include bridge loans for real estate investors. Call us for a no-obligation quote.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

As a small business owner you might already be familiar with the Small Business Administration and some of the programs that they offer. And if you are looking into purchasing commercial property then you will want to explore the option of using the SBA 504 program. If you qualify, you could get two loans that would allow you to purchase and renovate an owner occupied multi-use property with fixed financing and you would never have to worry about a balloon payment or a rate change for 25 years.

The first mortgage 504 loan is a 25 year loan with a down payment as low as 10%. This can be used to purchase your property, refinance or renovate. You can even use this loan to refinance a previous 504 loan that is at a higher interest rate. And the properties that are eligible include offices, warehouses, retail buildings, light industrial buildings, manufacturing facilities, medical buildings and research and development facilities.

To qualify for this program you will need to have a credit score of 680 or better and no business or personal bankruptcies in your history. In addition, multi-tenant properties are acceptable as long as the owner occupies at least 51% of the property for existing structures or 60% of any new construction facility. When submitting the business financial statements for consideration, the majority of the tenant rental income can be considered on the business income statements. And finally, if you are financing a property that is valued in excess of 20 million dollars, you will be required to make a down payment of 15% to 20% depending on the value of the property.

The 7a loan offers 100% financing for certain types of established businesses and the loan can be used for purchasing property, refinancing or for construction. You will need to demonstrate good credit and a consistent cash flow to qualify for this type of loan as well. This type of loan is one of the few that caters to businesses which do not have a large equity down payment such as a medical or dental practice, attorneys, architects, independent pharmacies and funeral homes.

Having the opportunity to purchase a commercial property with as little as 10% down is a great benefit. It allows you to have more operating capital for your business during your growth and expansion. In addition, having the ability to lock in an interest rate for up to 25 years without the worry of rate increases and balloon payments will make your financial planning and repayment process much easier. And finally, if your business is in a sector with strong cash flow and consistent income then you don’t need to worry about having few assets or little equity, there is a loan that can meet your needs. The SBA offers many businesses a win-win solution and they are always there when you need them.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

A commercial mortgage is a loan that is being used to buy a commercial property that your business is going to occupy. Most of the time this requires that your business occupy the majority of the space, meaning 51% or more. Then the rest of the space can be leased to other tenants. The types of buildings and uses can vary widely to include retail space, office building and also mixed use properties. If you are interested in owning commercial property then you will want to have a better understanding of the five types of loans that are available.

For a newer business, a traditional mortgage is going to hold the most potential. The caveat is that you, as the owner, must have a good credit score of 700 or more in most cases. The terms of this loan would likely include financing 65% to 85% of the property value and you would need to make a down payment of 15% to 35% of the purchase price. There is no cap on the loan amount and typical term can range from 5 to 20 years. This is a great option for a business which is 1- 5 years old.

Small Business loans are available to more established businesses and have a slightly lower credit score requirement for the owners. They require a score in the neighborhood of 680. The SBA 7(a) loan offers up to 100% financing and a term of 25 years, while the SBA 504 loan provides up to a 90% loan and has a shorter term of 10 – 20 years. The 7(a) has a cap of 5 million while the 504 has no maximum loan amount.

There are also a couple of short term mortgage options that you should be familiar with. A commercial bridge loan is a short term loan that is used when you are planning to refinance in the future. These loans have a term of six months to thirty six months and typically have a faster approval time than other loans. The requirements for this loan are not as strict as some others and they are a great fit for a buyer who is looking to renovate and resell a property. The other option is a hard money loan. This loan is often a term of 1- 3 years and is the fastest way to procure a loan if you have a previous commercial borrowing history. Some loans can be approved in just a few days.

Finding the best mortgage to meet your current and future needs is critical. You also need to temper your desires to meet your qualifications and the situation of your business. Having a good personal credit score can position you to have more options but it is important that your business also be in a stable position to maintain the mortgage as well as your operating expenses. Finding that balance will allow you to be successful in your mortgage search and your future profitability.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Most consumers are fairly familiar with the process of getting a home mortgage and they naturally believe that securing a loan for a commercial property must be very similar. But the fact is that because most commercial loans are not government backed like personal mortgage loans, the lenders are much stricter in qualifying the eligibility of borrowers. So commercial borrowers need to educate themselves to have realistic expectations.

Most borrowers are going to turn to their most familiar lender when they are considering commercial real estate loans, which is often their bank. Unfortunately, banks often have the toughest eligibility requirements and the longest application process. They will want to see income sheets, balance sheets and cash flow statements dating back several years. It can take several weeks to get even a verbal approval from your bank. And then the application still needs to be approved by the credit committee who can reject the application even after the verbal approval has been given. Seeking other lenders or alternative lenders online might be a good idea and can be used as a backup plan in the event of a rejection from your bank.

Regardless of type of lender that you are applying to, there are certain documents that you will want to have prepared to submit with your commercial loan application. Because there is no government backing on these types of loans, lenders want to be very thorough in their vetting process. They are looking for a certain level of stability from your business and will want to see that documented over a period of 3-5 years. They could request leases, asset statements, the original corporate documents as well as the personal financial records of the business owners. So not only do you need to have your business on stable financial ground but you also need to have your personal finances in order. Having this documentation ready will save time on the application process but be sure to ask for a list of required documents in your first conversation with a lender. This will help you to efficiently select lenders with whom you know you can qualify.

As you are speaking to potential Commercial lenders, it is a good idea to ask for a complete fee structure list. Many commercial mortgages express fees as interest and points. So be sure that you determine the total of these two fees for the overall rate. Also ask about any legal fees, survey fees, any loan application fee or appraisal costs that you might be required to pay. All of this information will help you to determine which loan is the best suited to meet your needs.

Requesting a commercial loan for a real estate purchase is a big step and one that deserves research and planning. Having a knowledge of the process of a commercial mortgage and the time frame can greatly reduce your stress and increase your potential for getting the loan that you have applied for. This is the next step in the growth and success of your business.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Knowing that you want to buy a commercial property is not even really a first step. It is more of the thought that is motivating you to take the first step. And as in many processes, a first successful step is learning about the process, your options and what to expect. In this case knowing about the different types of commercial real estate loans and their intended purposes can help you to make a smart financial choice.

If you have an opportunity to make a great buy but timing is critical then you should be looking at a bridge loan. This loan is normally for a year or less and is instant cash to get you started on a purchase or major improvement. It allows you to fund the deal and then seek long term loans. To qualify or a bridge loan you will need to have excellent credit, proof of income and demonstrate the ability to cover existing expenses plus the new loan payment.

If you are interested in procuring a long term loan for a property then you will want a real estate purchase loan. This is much like a fixed rate or adjustable rate commercial mortgage. To qualify for this loan you will need credit scores in excess of 700 plus you must have significant business and personal savings. The property must also be used as collateral and the loan rate is determined by the loan to value ratio.

A hard money loan is typically offered by a private lender and for this reason they don’t have to meet the same strict standards as the more mainstream lenders. This means that a hard money loan can carry a very high risk of default and a very high interest rate. This is a way to get money very quickly without slogging through the long process of a traditional commercial mortgage application process. Many times once hard money is used to secure a property, then the borrower begins to seek a more traditional loan to refinance as a hard money loan is often for a very short term.

There are many different types of commercial loans that are available. Some are designed to be short term and other are more long term. In many cases the term of the loan that you are looking for is determined by the use of the money. So matching the right type of loan to the right project will offer you the best opportunity for success and profit. In the long run, you are trying to find the best balance of interest rate and cost of the loan as it compares to the difficulty and time it takes to get the loan. Having a good understanding of the process will help you to make the best selection to fit your current project.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

A commercial loan is used to purchase business structures such as office buildings, apartment complexes, health care facilities and retail space. And due to the large size of the property and the large price tag, buyers need a loan to make the purchase just a person gets a loan to buy a house. So there are some similarities to a personal mortgage but a commercial mortgage is also very different in some ways. The similarities are very basic, you need to apply for the loan and you need to provide collateral for the loan but the size and value begin to make the commercial loan more difficult to obtain.

Collateral is what is used to secure a loan, and in the case of a mortgage, it is the property itself which is the collateral. Because commercial property values can fluctuate very rapidly, a commercial loan is most often only offered for around 75% of the property value. This ensures that there is equity in the property if the borrower defaults on the loan and the lender needs to recover their money. This value fluctuation also makes it very critical that there is a very in depth appraisal completed on the property to determine the market value.

In addition to verifying the property value the lenders take a very hard look at the financial situation of the business who is making the purchase. If the company does not have previous commercial loan experience and good credit then the lenders will request the personal financial information from the owners of the business. This is done so that the lender knows that the business owners can guarantee the loan if the business itself fails.

When you apply for a loan you will want to determine if you are looking for a fixed rate loan or a variable rate. This is much like a personal mortgage but the difference is that many commercial loans are offered for a shorter time frame than the personal loans. This means that the amortization is longer than the actual loan and you will be facing a large balloon payment at the end of the loan term.

There can be a lot of important information tucked into the pages of a commercial loan document. You need to be sure that you understand all of the terms of the repayment as well as any caveat for early repayment or default. You will also want to understand the personal implications if the business fails and is unable to repay the loan. Having a complete understanding of the basic process will ensure that you can manage your expectations and make a successful commercial real estate purchase.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Commercial loans have a stricter set of eligibility requirements than personal loans. For this reason you will want to learn what it really takes to successfully complete the loan application process.

Not only are commercial mortgage loans much larger than a personal home loan but they also represent more of a risk for the lender. Very rarely are commercial mortgages backed by the federal government so lenders want to be certain that they are only providing these large loans to very qualified borrowers. In addition, businesses are more closely tied to the overall economy than personal borrowers so if the economy begins to decline then commercial loans are much more likely to fall into foreclosure. This increased risk keeps lenders very diligent when they are in the process of evaluating a loan application.

In addition to being certain that the business and the owners represent a good risk, the lender wants to be certain that the collateral on the loan, that is the building that you are purchasing, is worth the amount that you are requesting. And in most cases the lender wants you to only be borrowing about 75% to 80% of the value of the building. Because commercial real estate values can fluctuate more than residential property, the lender likes there to be a buffer of equity in the property to ensure that they have enough collateral to cover the full balance of the loan in the event of a foreclosure. So having equity in the property is important when applying for a commercial mortgage.

Cash flow of your business is another important factor that a lender will consider. As a rule they prefer to see a steady net income that is at least 20% greater than your carried debt. To verify this information, the lender will require that you submit detailed financial documents showing income, expenses and budgetary aspects of the business. They will also want to verify any assets or savings that the company has which could be easily converted to cash to cover the mortgage payments.

In addition to the financials for the business, you as the owner will also need to submit documentation demonstrating your creditworthiness. In the event that the business fails or is unable to pay the commercial loan, then you will be the guarantor on the loan as the owner of the business. Your credit score, income, assets and debts can all come into play when your business is seeking a commercial mortgage. In addition, all other owners must be prepared to submit their personal financial documents to secure the loan.

As a business owner you are truly tied financially to the business for many years. It is not until the company has been operating successfully for over five years that it can begin to stand on its own from a financial aspect. Until that time, you will need to have a good credit score of over 700 and a strong financial history to be approved for a commercial mortgage.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

If you are purchasing your first commercial property or expanding to a new location that you plan to own, then you are certainly happy to be operating a successful business and one that is expanding into real estate ownership. But there could be a lot that you do not know about the process that could cause you a great deal of stress and even some major financial issues in the future if you do not have a good grasp on what you are agreeing to when you sign on the dotted line.

Commercial real estate loans are similar to a personal mortgage in that they are a means of borrowing a large amount of money to purchase a property. And both loans use the property as collateral, so in the event that you cannot pay and default, then the property can be foreclosed upon. And in both of these cases you are also required to make a down payment on the property. In the case of a home the amount of the down payment is not as large as the commercial loan requirement. A big part of the reason for the large commercial loan down payment is the volatility of commercial real estate values. They can increase or decrease very rapidly and with little or no warning. For this reason, lenders like to see some instant equity on a commercial property to be sure that they will have collateral which is valued high enough to cover the balance of the loan of you default.

But the similarities quickly come to an end when you compare the term of a personal mortgage to that of a commercial mortgage. Some mortgages are issued for a short term which normally does not exceed three years and others can span from five years up to twenty. It is also quite common to have a balloon payment that is due on a commercial loan. In this case you make regular payments for 5 – 7 years and then the final payment is the balance of the loan. This means that it can be a very large amount. At that time you have the option to pay the final payment if you can or try to refinance the remaining loan balance. And refinancing can be a challenge if your company is struggling, your cash flow has dropped or if the owners have experienced some personal financial issues.

Getting a commercial mortgage is important to the growth and expansion of your business. But be sure that you are entering into an agreement with a full understanding of the terms and expectations for repayment. Having a large final payment due in less than ten years can put an exceptional amount of stress on you and your company’s finances.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Commercial lending processes are not quite the same as personal lending. Borrowers will want to be prepared for this process and have information and answers prepared to expedite the application process.

Unlike with your home mortgage, a commercial property loan often requires you to pay off the loan much sooner than the term stated on the loan documents. You will pay the regular interest and principal payments for a specific length of time, generally 3, 5 or 10 years, and then there is a balloon payment due. This payment is the entire balance of the loan. In many cases the borrower will not have sufficient cash to pay the balance and will need to refinance or requalify for a loan. If the business has less cash flow that when it originally applied then the interest rate could increase or you might not qualify at all. In this case the property is at risk for foreclosure. So you will want to be very certain of the terms of your commercial loan and know that you have the means to meet the payment structure that is being presented. You don’t want to pay on a property for five years only to lose it in a foreclosure over a huge balloon payment.

In addition to understanding the actual repayment terms, you will also want to be sure that you are asking for a manageable loan amount. You will likely need to make a down payment of 15% to 35% to secure the loan. But consider the benefits of making a larger down payment if possible to lower the final payment amount for the future. Knowing how much you need to borrow and how much the lender will offer you needs to be balanced with your ability to pay on a monthly basis as well as at the end of the loan term. Planning for the future and that large payment can save you from facing foreclosure, the loss of your property and potentially the loss of your business.

You also need to answer your questions about a time frame for your loan. Knowing that a commercial loan is a long process with many steps can help you to manage your expectations and plan your purchase. There are many documents that you will need to submit to justify your business’s financial position as well as the personal financial footing of all of the owners. In addition, there are several levels of approval that will need to be cleared before the loan is actually completed and you can get your money. Having this information will allow you to plan your purchase and deal with any time constraints that the seller might impose.

Because there is no government backing for a commercial loan, banks are very strict on their eligibility for commercial real estate loans. They will want to see that your business is established and has been successful for 3 – 5 years. To demonstrate this fact you could be asked to provide leases, asset statements and your original corporate documents to the lender. If the history is not long enough to satisfy the review committee then you could be asked to submit additional business or personal documentation.

Once you have answered many of these important questions about the requirements to secure commercial lending and repaying the loan, you will know if you want to proceed with the application. If you are moving forward then you will want to have all of your documents in order to help to speed the process as much as possible. Then with your loan secured you can take the next step and become a commercial property owner.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.